Market Report
Pittards to take £1m hit from Ethiopia currency devaluation
Technically-advanced leather producer Pittards noted on Friday that the Ethiopian government has devalued its currency by 15% as of Wednesday.
NAHL Group establishes second alternative business structure
Legal services consumer marketing business NAHL Group announced on Friday that it has established its second alternative business structure (ABS), this time in partnership with full-service national legal practice Lyons Davidson.
Bluejay begins feasibility study at newly-renamed Dundas project
Greenland and Finland-focussed Bluejay Mining announced on Friday that its feasibility study has commenced at the Dundas Ilmenite Project - previously referred to as the Pituffik Titanium Project.
Greatland launches field activities at Paterson project
Precious and base metals exploration and development firm Greatland Gold announced on Friday that it had begun the first phase of field activities at its Paterson project in Western Australia.
Europe midday: Stocks flat ahead of US data
Stocks were slightly higher come midday amid reports that European Central Bank policymakers were closer to an agreement on how to go about tapering their asset purchases.
Asia report: Markets mostly higher as traders digest China data
Markets in Asia were mostly higher on Friday, as investors sifted through fresh trade data from China and looked forward to the release of retail sales and inflation data from the US later in the global day.
Renewi shares slide after Credit Suisse downgrade
Credit Suisse downgraded its rating on Renewi, the former Shanks Group, as the shares are pretty much up with events after the strong gains since its merger with Van Gansewinkel first emerged.
Triple Point finalises acquisitions of 12 new assisted living properties
London-based real estate investment trust Triple Point Social Housing added a further 12 supported housing properties to its portfolio, all of which were immediately income generating.
Europe open: ECB may cut QE purchases by at least half, report says
Stocks have begun the session in a mixed fashion amid reports that European Central Bank policymakers are closer to an agreement on how to go about tapering its asset purchases.
Provident Financial stems losses from home credit business
Provident Financial has begun to staunch the blood flow at its doorstep lending business after two profit warnings earlier this year, though analysts were divided as to whether the non-standard lender is out of the woods yet.
Anglo Asian Mining increases gold production, copper and silver slides
AIM-listed gold, copper and silver miner Anglo Asian Mining increased gold production 19% in its third quarter as operations from its Ugur open pit in western Azerbaijan started to bear fruit.
Samsung Electronics chief resigns amid 'unprecedented crisis'
Kwon Oh-hyun, one of the chief executives of Samsung Electronics, has resigned due to an “unprecedented crisis”, on the same day the technology giant flagged record quarterly profits.
China trade data shows economy still expanding, commodities stocks lifted
China's exports and imports continue to strengthened, trade data showed overnight, giving a boost to commodities stocks around the globe.
Angus Energy completes West Sussex drill programme
AIM-quoted onshore oil and gas development company Angus Energy announced on Friday that it had completed its X2 drill programme at its Lidsey field asset on the southern tip of Bognor Regis in West Sussex.
London open: EU deal report, central bank policy in focus
Sterling is extending its rebound from the day before after a report from Handelsblatt that the European Union might discuss offering the UK a two-year extension of its single market membership following Brexit, which in turn has served to knock the Footsie off its perch.
Emerging markets performance pushes Ashmore higher in first quarter
Ashmore Group updated the market on its assets under management for the first quarter on Friday, confirming the figure increased $6. 3bn during the period, including positive investment performance of $2. 3bn and net inflows of $4. 3bn.
London pre-open: Stocks set to dip, focus on US CPI and Fed
Stocks are seen starting the session slightly lower, tracking similar losses on Wall Street overnight, despite the release of stronger-than-expected Chinese foreign trade data released overnight.
Man Group reports another quarter of solid FUM growth
Man Group reported solid growth in its funds under management on Friday, with the total standing at $103. 5bn as at 30 September compared to $95. 9bn on 30 June, and the board claiming rises of 28% in the year to date.
Aviva to sell out of Taiwan joint venture
Aviva has agreed to sell its entire 49% shareholding in its joint venture in Taiwan, First Aviva Life, to its joint venture partner First Financial Holding Company, it announced on Friday.